Compound Interest Calculator
Maturity Value
Principal Amount
₹
Total Interest
₹
Total Maturity Value
₹
Summary: Over years, your initial investment of ₹ grows to ₹ at an interest rate of % per annum, compounded .
How to Use Compound Interest Calculator?
- Principal Amount: Enter the initial amount you are investing or borrowing.
- Interest Rate: Input the annual interest rate (e.g., 10%).
- Time Period: Specify the duration in years.
- Compounding Frequency: Choose how often interest is calculated (Monthly, Quarterly, Annually, etc.).
- Result: See your Maturity Value and the Total Interest earned/paid.
Did you know?
"Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." — Albert Einstein.
Frequently Asked Questions
Compound interest is the interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods. It makes your money grow faster over time.
The more frequently interest is compounded (e.g., Daily vs. Annually), the higher the maturity accumulation will be, because interest is added to the principal more often.
The Rule of 72 is a quick way to estimate the number of years required to double your money. Divide 72 by the annual rate of return (e.g., 72 / 12% = 6 years to double).